Secrets The saturation point of the reversal of forex and bitcoin prices is always repetitive

Double Top:
Double Top is the most common chart pattern in the Forex market. This is used as a reversal pattern. This pattern is very profitable and the success rate is high. This pattern is named for formation with two top double in up market. This is a bearish reversal signal. It happens in the up market. There are two parts to this chart pattern, ie 2 tops and Neckline.

How it looks:
>> First, it creates a higher high level in the upward market and can act as a resistance level.
>> Then fall from a higher elevation for a few pips.
>> Once again the price moves to the same level as the first boss.
>> It can not break that level and fall back to the support neckline.
>> The Neckline line has to be pulled from the upper low.

How to Trade on this pattern

Neckline acts as a support line. So it is necessary to wait for the breakout from the Neckline line. After a successful breakout this pattern gives a bearish signal. From the retest of the Neckline line, sell entry can be taken.
Stop loss will be a few pips above the higher height. A minimum goal should have a 1: 1 risk ratio. 1. Goals can be set equal to the distance from the Neckline line to the higher direction.

Triple Top
Triple top is the same as double top but the difference is only in this pattern he created 3 tops. It's all the same as a double top and needs to follow the same rules to enter.

Double Bottom
Double Bottom chart pattern gives a bullish reversal signal that occurs in the down market. It has the same formation but reverse formula like double top. There are also two parts in this pattern, ie 2 bottom and neckline.


How to shape

>> Initially, it creates lower lows in the down market and can act as a support level.
>> Then he came back from below low for a few pips.
>> Again prices fall to previous lows as below.
>> It can not break the support level and once again start rising to the resistance in the neckline.
>> The neckline line should be pulled from the bottom height.

How to Trade on this pattern:
Neckline acts as a resistance line on a double bottom. So it is necessary to wait for the escape from the neckline line. After a successful breakout this pattern gives a bullish signal. From the retest of the neckline line, buy-in can be taken.

Stop loss will be a few pips below the lower low. A minimum goal should have a 1: 1 risk ratio. The target can be set equal to the distance from the neckline to the lower low.

Triple Bottom:
Triple Bottom is the same as a double bottom but the difference is only in this pattern he creates the bottom 3 parts. It's all the same as a double bottom and needs to follow the same rules to enter.